Cambay PSC Update

Summary by AI ^BETAClose X

Synergia Energy Ltd has provided an update on its Cambay PSC in India, detailing the completion of workovers on four legacy wells: C-64 is producing approximately 30 barrels of oil per day with a 50% water cut, C-72 is cleaning up brine kill fluid after re-perforation and SRP replacement, C-19z is producing 2-3 barrels of oil per day with ongoing SRP optimisation, and C-08 is also cleaning up brine kill fluid with gas output planned for connection. Additionally, well C-74 continues to produce around 60 barrels of oil per day, and C-77H is producing 0.08 million standard cubic feet per day. The company is also planning a new well, C-79, targeting the Eocene reservoir's oil leg.

Disclaimer*

Synergia Energy Ltd

27 May 2026

RNS Announcement

27 May 2026

AIM: SYN

Cambay PSC Update

Synergia Energy Limited (Synergia or the Company) announces the following update regarding its Cambay PSC (WI 50%) in India.

Cambay PSC Workovers

The following four legacy well workovers have been completed:

C-64: Sand build up caused the sucker rod pump ("SRP") to seize and the well was worked over to remove the sand and to optimise the SRP. The well is currently operating on a reduced pump rate and producing c. 30 bopd with a 50% water cut.

C-72: The well was re-perforated in the OSII formation and the SRP was replaced. The well is currently cleaning up the brine kill fluid.

C-19z: This well has been consistently producing small volumes of oil on natural flow. An SRP has been installed and a gas pipeline is being installed to connect gas output to the C-73 facility. Initial production rates of c. 11 bopd has since fallen to 2-3 bopd and the SRP optimisation is ongoing.

C-08: The workover operation has recently been completed and the well is currently cleaning up the brine kill fluid. The gas output is planned to be connected to the C-73 facility via a new pipeline currently under construction.

In addition to the above four wells, C-74 continues to produce c. 60 bopd and the C-77H well is producing at a rate of .08 mmscfd.

Note: All production data are gross.

C-79 new well planning

Selan and Synergia's technical teams have been in detailed discussions regarding the planned C-79 new well to be drilled into the Eocene reservoir. The discussions concern the well target which is planned to intersect the oil leg of the Eocene reservoir.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

For further information, please contact:

Investor Enquiries

Synergia Energy Ltd

Briana Stayt

Investor Relations

Email:

bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

Nominated Advisor and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Devik Mehta

Tel: +44 (0)20 3470 0470

Joint Broker

AlbR Capital Limited

Colin Rowbury

Email:

cr@albrcapital.com

Tel: +44 20 7469 0930

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